Calculate the cost of holding a position: $ZIL . The current funding rate is -0.0859%, settled every 4 hours, equivalent to an annualized rate of approximately 188.2%.
In other words, if you hold a short position, you pay the longs every period—and the longer you hold it, the more it works against you. As soon as the market stops falling, short covering will push prices up.
Which side would you choose—long or short?
#ZIL
In other words, if you hold a short position, you pay the longs every period—and the longer you hold it, the more it works against you. As soon as the market stops falling, short covering will push prices up.
Which side would you choose—long or short?
#ZIL